Updated Oct 29, 2024
Joint Venture Of Anchor Health Properties Acquires Property In Burlington With Newmark As Seller's Rep
67 S Bedford St, Burlington, MA, 01803
Building Size
—
Asset Type
Medical Office
Closing
Jun 18, 2018
About this deal
AI
67 South Bedford Street is a Class A medical/office building located in Burlington, Massachusetts. The property is anchored by Lahey Hospital & Medical Center, situated adjacent to a 317-bed flagship hospital. It features substantial frontage along Interstate 95/Route 128 and has recently undergone extensive common area and exterior upgrades to enhance the tenant experience.
Summary of transaction details:
- Property Type: Class A Medical/Office Building
- Transaction Amount: Not Disclosed
- Address: 67 S Bedford St, Burlington, MA, 01803
- Market: Burlington
- Seller's Representative: Matthew (Matt) Pullen, Edward Maher (Newmark)
- Buyer: A Joint Venture of Anchor Health Properties
- Seller: The Davis Companies
- SF: 0
NKF Capital Markets, led by Vice Chairman Edward Maher and Executive Managing Director Matthew Pullen, managed the transaction on behalf of The Davis Companies. The team included Managing Director Michael Greeley, Director James Tribble, and Associate Director Samantha Hallowell from the Boston office, operating under Co-Head of U.S. Capital Markets Robert Griffin.
Players
Burlington Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93